MINNEAPOLIS, MN – CyberOptics reported sales of SMT inspection systems declined 31% year-over-year to $4.6 million in the fourth quarter. Reduced demand for legacy 2D products offset higher sales of SQ3000 3D AOI systems, which increased nearly 70% year-over-year to $2.7 million.
Total fourth quarter 2017 sales were $13.2 million, down 2.2% year-over-year.
The company’s earnings for the quarter were $503,000, compared to $6.1 million for the fourth quarter of 2016.
For full-year 2017, CyberOptics reported sales of $53.3 million, a decrease of 19.5% compared to 2016. Earnings for the year were $1.3 million, compared to $11.6 million for the prior year.
“We are very optimistic about the future prospects of our 3D MRS technology, particularly in the areas of inspection and metrology for mid-end semiconductor and advanced packaging applications and inspection of complex electronics in areas such as automotive and mobile devices,” said Subodh Kulkarni, president and CEO. “CyberOptics ended the fourth quarter of 2017 with an order backlog of $11.4 million, up modestly from the level at the end of the third quarter. Sales of $12.5 to $13.5 million are currently forecasted for the first quarter of 2018 ending Mar. 31.”